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Fed expected to make third rate cut today—here’s what we should expect
The Federal Reserve is poised to make its third interest rate cut of the year today, as market expectations suggest a 98.6% chance of a 25-basis-point reduction.
According to data from CoinGecko, Bitcoin (BTC) has fallen by 2% in the last 24 hours, while Ethereum (ETH) has dropped by 4%. The overall crypto market capitalization currently stands at $3.8 trillion, reflecting a 4% decline over the past day.
Bitcoin dipped to $104,000 after peaking at $107,000 on Tuesday, with the pullback triggering a broader decline in altcoins, including Ripple (XRP), Solana (SOL), Doge (DOGE), and Binance Coin (BNB).
Source: cryptobriefing.com
